Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report report published on Friday. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Riverview Bancorp stock opened at $4.66 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $98.33 million, a price-to-earnings ratio of 46.60 and a beta of 0.77. The company’s 50 day simple moving average is $4.61 and its 200-day simple moving average is $4.30. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The firm had revenue of $17.77 million for the quarter, compared to analyst estimates of $12.20 million. As a group, equities research analysts expect that Riverview Bancorp will post 0.16 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio is currently 80.01%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Riverview Bancorp stock. Vanguard Group Inc. boosted its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 902,739 shares of the savings and loans company’s stock after buying an additional 6,615 shares during the quarter. Vanguard Group Inc. owned 4.28% of Riverview Bancorp worth $4,261,000 as of its most recent SEC filing. Institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.